Founded in 1951, the National Foundation for Credit Counseling is the oldest nonprofit financial counseling organization with a mission to help all Americans gain control of their finances.
With nearly 250 member offices staffed by 1,215 NFCC certified credit counselors serving 50 states and all U.S. territories, our credit counselors are financial advocates, empowering millions of consumers to take charge of their finances through one-on-one financial reviews that address credit card debt, student loans, housing decisions, and overall money management. With NFCC Credit Counselors on board, these agencies offer the right programs and solutions to fulfill our mission of creating access to financial health for anyone who seeks it.
We are proud to provide equal access to debt management expertise, resources, and support for every individual that comes our way.
For more information on us and our member agencies, visit our website at www.nfcc.org!
I quit working at 65 I waited till I got on Medicare and a Medicare supplement my mortgage is paid for no car payment no debt I also don't get a pension from my employer but I managed to save up some 401k and Roth IRA I have a year-and-a-half liquid savings so my income is only Social Security but I'm careful how I spend my money I did the major things like putting on a new roof new furnace and central air new water heater before I quit working my brother is an electrician and my daughter's boyfriend of 8 years is a plumber so I hope I have all the bases covered. My appliances are all about 23 years old except I bought a new frigerator last year I do have the savings to replace those if I have to
Thank you for replying to my question, I asked the last question about improving my credit score when all categories are good or excellent. I agree that the culprit could be my debt ratio because I owe roughly 170K in student loans. I just paid off my car so the only debt I have are my student loans. Thanks again, you gained a subscriber. People NEED this information.
So what charges are associated with going through the NFCC and finding a counselor? How does the NFCC and the counselor make money of any kind from helping someone like me?
These non-profit companies have pre-arranged agreements with banks and credit card companies to keep a certain percentage of the money they collect as a "donation" from the persons enrolled in their programs who make payments on debts. They never disclose to seniors receiving federally protected Social Security and other retirement income that their income is protected by law and doesn't need to be used to pay old debt. Instead, many lower-income and poor seniors are placed in utter poverty making payments to these companies for debt they don't have to pay. These so called "charitable nonprofit companies" have a classic conflict of interest. Since they are paid by the prearranged donations they can set off, they don't disclose to seniors that their income is protected. Hiding under the guise that telling someone that most basic fact is "legal advice." They are simply con-artists when it comes to seniors. What is particularly sad is that because they are 501 c charities even government agencies and others refer seniors with debt problems to them. Failing to inform someone of the complete truth for your financial gain is a form of fraud. They act in their own self-interest. Otherwise they won't get the donation from the money they collect from seniors.
These non-profit companies have pre-arranged agreements with banks and credit card companies to keep a certain percentage of the money they collect as a "donation" from the persons enrolled in their programs who make payments on debts. They never disclose to seniors receiving federally protected Social Security and other retirement income that their income is protected by law and doesn't need to be used to pay old debt. Instead, many lower-income and poor seniors are placed in utter poverty making payments to these companies for debt they don't have to pay. These so called "charitable nonprofit companies" have a classic conflict of interest. Since they are paid by the prearranged donations they can set off, they don't disclose to seniors that their income is protected. Hiding under the guise that telling someone that most basic fact is "legal advice." They are simply con-artists when it comes to seniors. What is particularly sad is that because they are 501 c charities even government agencies and others refer seniors with debt problems to them. Failing to inform someone of the complete truth for your financial gain is a form of fraud. They act in their own self-interest. Otherwise they won't get the donation from the money they collect from seniors.
Thank you so much for answering my question! I’m the person moving forward with potentially closing a house in March. My credit accounts are at zero & I hope that does it for March. Thank you again.
These non-profit companies have pre-arranged agreements with banks and credit card companies to keep a certain percentage of the money they collect as a "donation" from the persons enrolled in their programs who make payments on debts. They never disclose to seniors receiving federally protected Social Security and other retirement income that their income is protected by law and doesn't need to be used to pay old debt. Instead, many lower-income and poor seniors are placed in utter poverty making payments to these companies for debt they don't have to pay. These so called "charitable nonprofit companies" have a classic conflict of interest. Since they are paid by the prearranged donations they can set off, they don't disclose to seniors that their income is protected. Hiding under the guise that telling someone that most basic fact is "legal advice." They are simply con-artists when it comes to seniors. What is particularly sad is that because they are 501 c charities even government agencies and others refer seniors with debt problems to them. Failing to inform someone of the complete truth for your financial gain is a form of fraud. They act in their own self-interest. Otherwise they won't get the donation from the money they collect from seniors.
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I turned my savings into products, before the pandemic and now I have products and banks only lend large amounts, I need a small amount. Does any financial company accept the goods as collateral? Thank you.
Hi there, I'd recommend reaching out to one of our small business financial counselors to discuss your situation. You can learn more at www.nfcc.org/smallbusiness.
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Don't invest vest in 401K you will lose at least 50 to 70 % when the next financial meltdown hits , save cash at home . Because the government will bail out the banks and wall street, NOT THE PEOPLE !!
that’s horrible advice- you will lose out on inflation if you save your cash at home. A 401k will allow you to grow your money with compound interest- if you don’t want to deal those taxes use a Roth IRA
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We get told to put off retirement so as to get more money, I feel that the longer you put it off the more chance you could have of dying and not receiving a penny in pension money. The same here in the UK they want you to work till you drop.
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